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"There are ways to potentially be cute with it. You could potentially cut out retirement business from the back-end bonuses," says an ex-Merrill Lynch executive who works in the independent space. "Cute doesn't usually work when it comes to regulators."
November 2
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The early decision stops advisers from earning commissions on products that will also generate fees through the firm's Investment Advisory Program.
November 2
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The recruits come from the private banking division.
November 1
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New guidance from the Department of Labor provides conditions under which firms can offer bonuses and other compensation incentives.
October 31
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The recording casts doubt on the CFP Board's claim that all CFPs are fiduciaries.
October 31
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FINRA plans to add 1,000 new arbitrators this year to improve its troubled dispute resolution process, but offers few new details on some of its largest challenges.
October 28
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CEO Sergio Ermotti pledged that cost-cutting efforts are to continue.
October 28
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The decision is effective immediately and was made within hours of the Department of Labor issuing new regulatory guidance on the fiduciary rule's implications.
October 27
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Morgan Stanley and RBC lose two recruits to the regional firm.
October 27
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The regional firm’s latest recruit spent 16 years at the wirehouse.
October 26
